Exodus from Eurodollar pit at SGX

Calyon Financial has closed its Eurodollar floor operation
on Singapore Exchange (SGX) in what appears to be a general
exodus from a rapidly diminishing pit.

Calyon executives declined to comment, but an SGX local told
FO Week, "the Eurodollar pit is practically
empty...there are fewer than ten locals in the pit nowadays.
Volumes, which used to be 70,000 lots daily, are now down to
less than 2,000 lots."